Corruption is widespread in Myanmar, and this has significant negative effects on the country’s economic development. In response, President U Thein Sein has made fighting corruption a priority. However, despite Myanmar’s gradual improvement in corruption perceptions’ rankings, it still...

The aim of this research is to investigate the economic impacts of the trade liberalization on the environmental quality in Tunisia and Morocco. Specifically, the paper inspects whether liberalization of the trade sector has harmed the quality of the environment in both countries. To this end,...

This paper reviews the rapidly growing empirical literature on the drivers of capital flows to emerging markets. The empirical evidence is structured based on the recognition that the drivers of capital flows vary over time and across different types of capital flows. The drivers are classified...

The examination of the relationship between oil resources and economic growth reveals that oil curse in oil countries is not reliable and these countries can be divided into countries with poor and rich institutions. In the first group, oil revenues have a negative and significant effect on the...

This article discusses the distinction Mises (1919) draws between the nation and the state as well as the relation of this distinction with the role of the state in the free society. A previous version of this article received the 1st Prize of the European Center of Austrian Economics...

We take a garden-variety instance of distributive politics-- a divide-the-cake stage game -- and explore dynamic extensions in different institutional settings: (i) repeated play of the stage game in a simultaneous-term unicameral legislature; (ii) repeated play in a staggered-term unicameral...

This study contributes to the understanding of the effects of FDI by illustrating that social networks affect technological learning in the Costa Rican ICT cluster in ways that the literature on technological capabilities failed to capture. It is based on extensive qualitative evidence collected...

Modern economies are increasingly based on knowledge and, more generally, on the intangible assets that favour the economic development. Knowledge-based economies are founded on increasing specialization, research, innovation and learning. The change towards a knowledge-based economy is...

The paper investigates the effect of financial development, imports and foreign direct investment (FDI) on output in case of Pakistan over the period of 1990-2008 using quarterly data set. ARDL bounds testing approach is applied to examine the long run relationship and the direction of causality...

This assai leads the reader on an analytical path to development, with institutions as its central focus. While its main emphasis is on the problematic nature of development in lagging or backward regions, contributions from the literature on developing countries have also been taken into...